Fortis Capital Advisors LLC Sells 9,695 Shares of VanEck Gold Miners ETF $GDX

Fortis Capital Advisors LLC trimmed its stake in shares of VanEck Gold Miners ETF (NYSEARCA:GDX) by 24.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 30,134 shares of the exchange traded fund’s stock after selling 9,695 shares during the quarter. Fortis Capital Advisors LLC’s holdings in VanEck Gold Miners ETF were worth $2,302,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in VanEck Gold Miners ETF by 766.7% during the second quarter. JPMorgan Chase & Co. now owns 3,977,932 shares of the exchange traded fund’s stock worth $207,091,000 after purchasing an additional 4,574,598 shares during the period. Slate Path Capital LP bought a new stake in shares of VanEck Gold Miners ETF during the 2nd quarter worth approximately $123,070,000. Rafferty Asset Management LLC boosted its position in shares of VanEck Gold Miners ETF by 30.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,511,070 shares of the exchange traded fund’s stock worth $338,966,000 after acquiring an additional 1,503,884 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of VanEck Gold Miners ETF by 3,846.2% during the 3rd quarter. Meitav Investment House Ltd. now owns 718,200 shares of the exchange traded fund’s stock worth $54,725,000 after acquiring an additional 700,000 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in VanEck Gold Miners ETF by 99.1% in the second quarter. Teacher Retirement System of Texas now owns 1,306,000 shares of the exchange traded fund’s stock valued at $67,990,000 after acquiring an additional 650,000 shares during the last quarter.

VanEck Gold Miners ETF Price Performance

NYSEARCA GDX opened at $107.48 on Tuesday. The business has a fifty day moving average price of $87.90 and a two-hundred day moving average price of $74.02. VanEck Gold Miners ETF has a fifty-two week low of $36.85 and a fifty-two week high of $112.54. The stock has a market capitalization of $32.20 billion, a PE ratio of 21.70 and a beta of 0.55.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.